Central Bank Clarifies Regulatory Jurisdiction and Role of Security Forces in Law Enforcement

mesoiraq - An official source at the Central Bank of Iraq confirmed that the supervision, regulation, and oversight of banking and non-banking financial institutions fall exclusively under the jurisdiction of the Central Bank. The source explained that the role of security forces is strictly limited to executive coordination for law enforcement in accordance with official notifications when violations occur. It was stressed that security agencies are not authorized to pursue or detain foreign currency traders except through explicit judicial warrants and established legal procedures.